FERC last week issued orders laying the groundwork for expanded probes into potential market power-related issues for Entergy Corp. and Southern Co. The decisions drew partial dissents from FERC Commissioner Joseph Kelliher.
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PG&E Lays Groundwork to Sell Gathering System to Producers
Senior management officials of Pacific Gas and Electric (PG&E) “have approved in principle” a sales agreement and auction protocol to pave the way for the sale of the company’s 500- to 600-mile natural gas gathering network in northern California to individual producers on its system.
Wisconsin Energy Makes Bid for WICOR
The groundwork for an even more concentrated U.S. energyindustry was laid Monday as Wisconsin Energy Corp., a Milwaukee,WI-based electric and gas utility, announced plans to acquireneighboring gas distributor WICOR Inc. for about $1.51 billion incash, stock and debt, creating a major Midwest energy concern andthe 13th largest utility in the nation.